Home » today » Business » Wall Street rebounds after a day of losses – 2024-02-16 04:38:01

Wall Street rebounds after a day of losses – 2024-02-16 04:38:01

Wall Street closed this Tuesday in green and its main indicator, the Dow Jones Industrialsrose 0.37%, rebounding after the day before losses.

At the close of trading on the New York Stock Exchange, the Dow Jones stood at 38,521 points, while the S&P 500 advanced 0.23%, up to 4,954 units.

The Nasdaq index, in which large technology companies are listed, rose 0.07% and stood at 15,609 points.

Investors seemed to assume again that the Federal Reserve It will act cautiously in its monetary policy to control inflation and will not lower interest rates soon.

The yield on the 10-year Treasury bond, which yesterday shot up to 4.17%, today fell to 4.09%.

Today the quarterly results were in focus, including those of the music platform Spotifywhich reported an increase in Premium subscribers and rose 3.9% in the market.

The technological Palantirknown for its contracts with governments, soared 30.8% after disclosing that it has achieved its first year of profitability, driven by the Artificial Intelligence (AI).

By sector, gains predominated and were led by basic materials (1.7%) and real estate (1.5%) companies, and the most affected were technology companies (-0.5%).

Among the 30 listed companies in the Dow Jones, the increases in Walgreens (4.3%), Nike (2.9%) and Disney (2.7%) stood out, compared to the decreases in Amgen (-1.8%), Salesforce (-0.8%) and Verizon (-0.7%).

In other markets, the texas oil rose to 73.31 dollars per barrel, and at the close of the stock market, gold rose to 2,052 dollars per ounce and the dollar lost ground against the euro, with an exchange rate of 1.0752. EFE (I)

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